Chip Mong Bank picks Compass Plus to support Cambodia launch
New digitally-focused Chip Mong Bank has launched its operations in Cambodia with the help of Compass Plus’ Tranzware solution, reports Jane Connolly.
With the aim of becoming a retail banking leader in Cambodia, Chip Mong Bank has chosen Compass Plus to support cardless ATM cash withdrawals with cash-by-code transactions.
Wankup Yew, president at Chip Mong Bank, says: “It is our strong vision to provide our users with a seamless experience. Compass Plus is a great choice for us to help deliver our promise, ‘create more possibilities for you’, to our users by launching the ATM cash-by-code service.”
Chip Mong Bank was launched at the start of this year in response to the Cambodian government’s goal to create a predominantly digital economy by 2023.
The bank is a subsidiary of local conglomerate Chip Mong Group.